Naria closes impact round with French fund Fitrust anchoring €250K
What's the deal? NariaDealroom has a profile for this one. Try Dealroom →, a Spanish startup that digitises the distribution of social aid, has closed an early-stage equity round backed by French impact fund Fitrust and a club of impact angels. It is the company's third capital raise and the first equity deal completed across the newly merged Bolsa SocialDealroom has a profile for this one. Try Dealroom → and GoparityDealroom has a profile for this one. Try Dealroom → platform.
How was it structured? The round used a four-layer co-investment design. Fitrust anchored it with €250,000, founders and historic shareholders matched that with a €250,000 follow-on, a network of business angels validated the deal, and a campaign opened it to 27 retail investors writing tickets of €1,500 to €3,000.
Why does it matter? Marta Abbad-Jaime de Aragón, head of equity at GoparityDealroom has a profile for this one. Try Dealroom →, called the structure "the perfect recipe" (translated from Spanish) for participatory impact investing. It also serves as a first test of the merger that reshaped ethical finance in the Iberian Peninsula.
Why now? Kilian Zaragozá, Naria's chief executive officer, said that seven years ago the pitch to digitise the third sector landed "in the desert." The sector has since hit an inflection point: SpainNAB data cited by Europa Press put direct impact investment in Spain at €1,517 million in 2023, up 26% year on year, within a total impact-capital pool above €3,300 million across 64 vehicles.
The backdrop: Naria's raise sits inside a bigger consolidation. On January 14, 2026, Spain's Bolsa SocialDealroom has a profile for this one. Try Dealroom → joined Portugal's Goparity in what was billed as the first M&A deal in Iberian impact crowdfunding. The combined entity launched with more than 72,000 members and over €70 million invested.
What's next? Goparity centralised operations on goparity.com on July 27, 2026, ending a transition period during which three equity campaigns — Naria, B de BocataDealroom has a profile for this one. Try Dealroom →, and VisualfyDealroom has a profile for this one. Try Dealroom → — mobilised more than €365,500 for sustainable projects. The first fully unified campaigns start in late September, targeting €50,000 to €500,000 for early-stage startups.
The signal: Impact investment in Iberia is shifting from proving it exists to professionalising. Naria's blended round — institutional anchor, founder skin in the game, angels, and retail — shows how that consolidation is beginning to translate into standardised deal structures.
Read more: ecosistemastartup.com
Image credit: Generated with Gemini
